skysight-inc/HackerNews huggingface dataset:
Shorts aren't options, they don't have expiration dates. You can hold a short indefinitely just by paying interest on the borrowed share value when you entered the position. You can even keep the short from being forcibly closed during a squeeze by providing more collateral.

Put options do expire, but the worst case for puts is that they expire worthless. Regular shorts can have unbounded losses.

https://www.investopedia.com/ask/answers/05/shortmarginrequi...
Heh, got it - I was looking under "Merge requests" :) Thanks both!
BlackRock owns a similar % of the entire market, so this isn't too surprising. BlackRock has about $9 trillion AUM, and the global stock market is worth around $100 trillion. (Not all of that $9 trillion is stocks, but BlackRock still owns a notable percentage of the total stock market.)
if the method is called "f" and it exists on "a" then you have access to "f" via "a.f()". It's redundant to call it via "f(a)".

If you're saying it's easier to edit "f" in the repl/notebook vs. on the class where it's defined, well that's a sort of a convenience factor, I wouldn't exactly call it a huge benefit overall as this is mostly a very
specific use case.
> The Hunter scandal was just one random example of countless examples

Of stories you could have presented to support your narrative without concern for the fact that they have no basis in reality? Sure.

But it's the concrete example you chose. If there was a real problem, you'd think it wouldn't be hard for you to cite a real example rather than an unsourced, invented, weirdly specific claim (not “a majority” or “a large majority” but “68%”) that is readily shown to be completely in opposition to the facts.
Wait a minute. Are those big tech hearings not going to amount to anything? Approximately the exact same thing AOC's fake hearing/s will amount to. It's nothing more than populist grandstanding.
Not a lawyer -- I think those conversations would fall under free speech. A coordinated effort to buy shares, what's the problem? Are investors suppose to buy shares with blinds on and not talk to anyone? There are entire TV programs that are dedicated to talking about good/bad stocks to buy/sell.
>> Robinhood likely routes most of it's trades through citadel

>Do we have a source for this?

Yes.

https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%2...
What's played out over the last week has been an epic battle between David and Goliath. Goliath is winning... per usual.

Translation: big business interests and wall street hedge funds win out. Of course, lots of retail guys and gals and r/wsb folks are losing their shirts today. It would have been next week if it didnt happen today.
Hardly the first time in startup history, sadly.
The fact that the West's economic crises - which, viewed in the long term, are bumps in a continual upward trend - can threaten the economy of the world as a whole is testament to the strength of its economic model.

And the gap between rich and poor is ever-shrinking, not widening, as poor countries develop by adopting modern technologies and institutions.
Not that I agree with it, but one of the talking heads on Fox Business was blabbering on about how retails investors should not be allowed to move the market because they're are unlicensed and don't understand the implications of their actions, hah.
Why Wallstreetbets Needs Bitcoin
Well, we just built that platform and we made it free and open-source. Take a look at gtoolkit.com.

And you are right in saying that it can provide a huge competitive advantage.

The only difference is that the tooling does not give you meaningful insights unless you ask it questions. Well, unless you program your questions. But, that is actually much less difficult than it appears.
Great little tool. Sends error on fails.. Just wish it had chaining of commands.
Exactly, starting out in a garage sounds like starting out from nothing, but in reality it means that your parents have a house with a garage that they lend out to you for free, where you can do whatever you want (so forget condos undergound garages), and that house is probably not very far from a large city so you have access to clients, employees and resources.

You don't need your parents to be millionaires to get that, but in today's terms this is definitely upper middle class.
Sure, it could be done. I could imagine some kind of nonlinear steering response system that could handle it.

However, in my experience with them as a Tesla Model Y owner, I don't trust Tesla to do it right. My Tesla's rain-sensing wipers are the worst rain-sensing wipers I've ever owned. To the point where my Tesla wipers are normally kept OFF instead of 'Auto' as I have had it in my BMW, Porsche and Volvo cars. I have to manually adjust wipers in the Tesla. Also, the FSD package makes the cruise control usable about 50% of the time. The rest of the time CC is worse than my 1982 Chevrolet Camaro. I could go on, but my point is made.

The only Tesla technology I'm impressed with is the motors and battery. That's what I bought it for, that's what I expected to get, and beyond that the car hasn't impressed me. So I won't give them benefit of the doubt with any new technology. They still can't get wipers or cruise control right, so why should I?
I think the current situation where a herd of deplatformed white supremacist and conspiracy theorist cultist can hijack your community is dystopian. Leaders in a community should be given the power to determine who is and isn’t a part of it.
Ironically, the type of studies you're citing make the same mistake in not controlling for the effects of income.

One reason that poor children are likely to "fail" the marshmallow test is because growing up in poverty means that promises made to you are less likely to work out - so, having learned from experience, they make the rational choice.

https://bigthink.com/mind-brain/new-marshmallow-experiment
Brokerages preventing users from buying certain stocks is clearly manual, and fairly unprecedented afaik
Just saw a post on M1 using Apex and not allowed to trade certain stocks. https://twitter.com/M1_Finance/status/1354837064072753152
NASA's Perseverance rover is bearing down on Mars
A long halt would be bad for shorts, since they would be stuck paying the 125% annualized borrow for the duration of the halt.

And practically a halt doesn't _really_ affect the prices.
I know everyone is excited to bring out their pitchforks, but let's take a moment to consider this from an objective position.

Imagine a broker knowingly profits from executing trades that are part of a market manipulation- the SEC can and does come after them with huge fines. Usually it's years later in the unwinding of some shady hedge fund or corrupt sovereign wealth fund or pump&dump operation.

In this case, it's not a boiler room in New Jersey or a Malaysian government insider manipulating the market, it's a bunch of different people on twitter and reddit. It seems perfectly reasonable that the brokerage firms who are complicit in this have legitimate fears that the SEC will come after them later, and so are trying to limit the risk that they're deemed culpable.
Headline sounds propaganda-ish. This is a normal regulatory move to break up monopoly in its one market, instead it’s made to sound like “big bad gov bully’s little guys”

Imagine a headline “Zuckerberg Agrees to Shrink His Business Empire, Bowing to US Pressure.” Does that sound like a natural headline a reasonable reporter would write?
Thanks for the answer.

We were just discussing Cognito being a pretty significant single point of failure in our current setup (any vendor would be, though). I wish they would offer replication as the other commenter mentioned.
> BMW had those annoying turn signal stalks that would always be in the neutral position even if you had the turn signal on. I'm not sure if anyone liked them. I know at least a couple of BMW owners who didn't know how you were supposed to cancel the signal without being explicitly told about it by someone.

Own a BMW with those stalks. Don't mind them actually. There's an adjustment period. I figured it out quickly enough but I will say some people could get confused. I don't like the loud click/adjustment of the stalk moving while I'm finishing a turn. This only became more apparent when I started driving rental cars after owning the BMW. The BMW method does solve that. (All movement of the stalk occurs when you're touching the stalk - never on its own. A good reason for its design I'd say)

That said - the F1 style steering wheel here - while exciting to look at... and very racecar... Is uh, very likely to be wildly impractical for a road car with a typical steering rack/ratio.
The company still holds the power though. Your current contract is unlikely stipulate that you can work full time remote. I suspect that until there are enough options in the hiring market for employees to “vote with their feet”, employers will want to return to bums on seats.
A lot of the WSB members only invested for a few shares - less than $100. They were doing it for fun not profit. Requiring $2k is a big ask for this crowd of investment
> Yes, lets do them a favor by destroying the value of their life savings they just invested.

Comment pointed out that this hurts retail investors badly. I literally attributed an almost 50% drop to their actions.

But it covers their asses, and it reduces the number of people who can lose their life savings with them. Note the "with them" part

> Are you new? That's the entire reason wallstreetbets exists in the first place. It was always about losing money on purpose.

Are you new? WSB has always had clueless people trying to ride it's coattails, there's the "As and the Rs" for a reason. That's why it used to go private even more often than this.

My comment explains like 3 different ways that the people who did this made a YOLO with "fuck melvin" in mind don't care.

But there's suddenly an entire clueless public trying to clutch onto it, and they don't really know or care what Melvin and yolo and WSB are, they just see a ticker keeps going up because of those reddit guys

-

You should read comments before you reply. It's a lot of words but if you're willing to take the effort to reply, take some effort to read.
Maybe we should just stop treating financial instruments like gambling in general? Just saying......
Schwab, TDA, and others restricted trading on margin. A company saying "we won't loan you money to speculate on this volatile stock" is way different than saying "we won't let you trade this stock with your money", IMO.
Exactly. Trading halted when it was going up. But no problem letting it plummet down to 112 earlier when most could only sell.
Robinhood Said to Get 40% Revenue from HFT Firms Like Citadel (2018)
Let me be crystal clear. If you advocate that a car design that, in total, is 2x safer than another car design be condemned - you deserve total condemnation.

A car might invest a ton in structural safety, and trade that for some cool or sexy features. Be that speed, horrendous visibility or whatever. Some cars this trade results in terrible safety results. Tesla is not one of those yet. There are PLENTY that are.

The irony of course is this adamant view around steering wheels ignores their long history of being an actual safety hazard! Those of us with some memory of early safe issues will remember the data showing that in frontal impacts, steering wheels were being forcibly driven into the chests and bodies of drivers, killing them. There are still issues (usually if folks are too close to the wheel) with skull fractures / hand and wrist injuries etc.
It's disingenuous and factually incorrect to compare WSB with a DDOS takedown crew running a tool against scientology.org.

WSB is legally sharing trading information and making informed investing decisions based on public information. What happened with Game Stop is completely predicated on large investors, who should have known better, buying positions that exposed them to an infinite amount of risk.

The short squeeze is the reason this is happening and not "ancillary." The hedge fund took these positions because they thought they were a form a free money. A better analogy would be "The Producers." The audience just walked out of "Spring Time for Hitler" for intermission and they're humming the songs and laughing.
Yeah I thought that, then just after I posted the stock doubled again and then dropped 30% so who knows.
unroll: https://threadreaderapp.com/thread/1354561079926550530.html

interestingly, the page I got was cached from Cloudflare. I wonder if the twitter chatter / thread unrolling is up enough during all this nuttiness that it's brought the site down.
makes sense.

If you're concerned about paying for living expenses, you will find it an uphill climb to risk entrepreneurial things.

If your living expenses are taken care of, you can think more strategically, look to higher goals, and look for meaning in them.

I can definitely say my life changed the first time I got ahead of my bills instead of reacting to them. I would imagine a similar sort of change with a sense of set for life (although it could also work against you)
Doesn't Jeff work for Red Hat?
I think it's generally because most Americans would be looking at ridiculously long prison sentences for common actions if they got caught (like possession) and because the US's general view is that there isn't anything in the world that can't be cured by throwing more prison time at it.
The Upper Limit of Value
Are you saying that there's some blockchain solution to this problem? Because I don't see it. You will not get shares listed on a decentralized system without some entity vouching for them, which remains legally liable.
Those regulations still allow brokers some freedom in how they run their business, and even require brokers to take actions like this (according to some interpretations). AFAIK, there isn't an SEC regulation requiring all brokers to provide services for every stock. In fact, brokers have limited the buying and selling of stocks in the past, so there is precedent here.
Covid Performance Index – Deconstructing Pandemic Responses
Last month I began contacting them because of an error my bank made, which caused RH to lock my account for one month. RH kept demanding I "explain what happened" and wouldn't unlock my account for moving my money out. Exchanged about 3 emails with revolving support staff, all obviously canned responses, each taking about 2 (BUSINESS) days to get a reply.

Got fed up with this and told them I was going to small claims (fortunately it was less than $2,500) if they didn't get me my money by next day's end. Exchanged 3 or 4 more emails which *miraculously began flowing in about an hour apart and I was 'allowed' to withdraw my $.

Left Robinhood early this month after that. Fuck Robinhood.
Holding someone accountable for their actions longer than one press cycle is a good thing.
A TOS (or any contract, agreement, etc) cannot impose something that goes against the law.
According to reddit there were issues and people couldn't buy for a while or on the first try but after waiting and multiple attempts were able to.

https://www.reddit.com/r/wallstreetbets/comments/l6wrig/you_...
Then let them learn their lesson. The thing is I have done stupid shit due to carelessness, but I’m not so entitled to blame it on someone else. If a potential source code contributor cannot read the contributing guidelines AT ALL that is on them, lesson learned. Really fuck em if they’re gonna stay butt hurt about it.. this should have been cleared up in kindergarten.
> I don't understand how the volatility in $GME would lead a market maker to simply stop quoting the underlying stock altogether. If the price starts flying around you just widen your spread.

People after the financial crisis liked to talk about fat tails. Risk models assuming narrow tails, reality having a taste for extreme events. This is a fat-tail event. We don't have great models for stocks as volatile and as correlated as GME is right now. Which means for even cash equities trading, we don't have a great sense around what the appropriate spread should be.

Market making has sometimes been described as vacuuming up nickels in front of bulldozers. These are bulldozin' times. You don't want to fill a bunch of sell orders in GME right before it gaps down 80%.
Real Steel is a great documentary on the subject.
Discord has had significant investment from FirstMark Capital, Greenoaks Capital Partners, Index Ventures, IVP, Greylock Partners, Benchmark, Accel, General Catalyst, Ridge Ventures, Spark Capital, and Tencent Holdings. How much you want to bet they also involve with the hedge funds?
Agreed, outside of account specific issues (account hacked concernens, etc).
UBI takes care of the financial risk component, less so the parental knowledge of the rules of the game, connections or free capital to invest.

I think this is all obvious if you dig just below the surface of most ultra successful people in NY/CA Finance & Tech space. These people are largely smart, well educated, but also raised in a particular way with connections that you only have from being in the top 5% at birth. There is the financial backing that allows these people to take large risks because they aren’t worried about a paycheck, the capital to invest in their ventures, and the connections to clients/partners/other investors.

The founder of the last firm I worked told a story about his father giving him the option of a big party when he came of age in middle school or to have the cash value of the party to invest. He chose to invest, and that is how he launched his investment career, he told us proudly.

Cool story, until you inflation adjust the dollar figure was something like $100k at the age of 14. So he started his young adult life +$100K whereas my wife&I started our adult lives (post college) -$100K in debt.

Another place I worked the founder started in his 20s with $1M equivalent in capital... etc etc
This, times a large number.

It doesn't have to primarily be UBI either. Given where we are technologically, it could be PV/wind/demand management/batteries on every roof, a semi-automated garden in every yard, etc... With a little bit of UBI for whatever people aren't able to do at home (eg TP).
If a Mall is rushed with 25 000 people in a day, you can be assured they will want to close the doors until the mob dissipates.

The store owners, generally in favour of large crowds, are likely to agree because they don't want to be mobbed either.

None of the companies involved here want their stocks to go on crazy volatile ride, it benefits almost nobody.

People are conspiratorial about evil bankers pulling strings to stop this when basically everyone wants it to stop.

Why do these people stampeding through the market thing that they are helping? It's very likely that the companies on the receiving end of this volatility want nothing to do with it.
People conspiring to push prices in one direction is a clear cut market manipulation and I believe a criminal offence in most jurisdictions.

It's fine to have lots of people buying something, but if they discuss how they can coordinate to hurt short sellers or something like that, particularly on a public forum, despite not being a lawyer I am fairly confident this is prosecutable.

Market trading regulations are full of fine lines where the wrong side can land you in jail. For instance the difference between front-running and pre-hedging / anticipating market liquidity is basically the intent and the information the trader has. The actions are indistinguishable.
Exactly. How are retail investors supposed to benefit if they are forced to wait until the stock they just bought tanks? If anything that's a direct attack at the value of your portfolio.
In current reality, these are not oppositional in any way. In fact, it's easier to stand on the right (or wrong) side of both.

If big tech have access to our data, it's insecure and authorities will have access too. If encryption is banned, our data will be more insecure and both will have more access.

There really is no need to choose.
One thing I think isn't being factored in is the interaction between remote working and remote school for kids.

Depending on a bunch of factors, remote work could be much more pleasant or taxing during school closures than it might be during 'normal' times.

I guess a similar point could be made even just about spouses both doing remote work at the same time, or even roommates.
Personally I don't think this is necessarily a bad thing. Even before the government got involved I was a bit concerned at the rapid growth of personal consumer credit through platforms like Ant financial and it was something my friend and I would occasionally discuss. These fintech comapnies made it extremely easy to obtain a loan and actively pushed these financial products through advertisements. There were also growing numbers of anecdotes online and in real life of people who didn't necessarily know or understand the financial consequences of a personal loan and ended up sadelling themselves with debt they couldn't pay back. You have to remember that China is growing rapidly, for some people their previous generations were still farming somewhere in the countryside. Some of them may in fact still be in the countryside but have access to internet and a smartphone. They might not have the adequate financial literacy.

Rapidly increasing consumer debt in an economy is not necessarily a good thing as more than demonstrated by subprime debt in the 08 financial crises. If completely unchecked, it is in the interest of a company like Any to keep pushing out loans, and it wouldn't be that they are knowingly doing anything wrong. However it might not be good for the rest of society. I think western media enjoys portraying this whole incident in some sort of nefarious light but I actually think it's a prescient and responsible move.
> It is quite possible (and quite easy) to buy and sell crypto without ever getting involved with a KYC privacy invasion.

And it used to be the same way for bank accounts. Now it isn't, because the government decided that it didn't like that.

At some point the crypto needs to be converted into USD - either so you can pay someone who doesn't accept crypto, or so the business who accepted crypto can deposit safe nonvolatile USD into their bank account. And the government will regulate it there at the transfer point.

The other option is that a cryptocurrency replaces USD, becoming the new de-facto currency. The government and the people/corporations who are in control of the economy won't allow that to happen. I don't think that last claim needs to be backed up with any more facts/arguments, it is very obviously true.
I just tried on Schwab and it doesn’t look like I’m blocked.
I'm not exactly an expert on the issue, but I could imagine that they use sms because that's the only available form of communication on an anonymous $10 dumbphone, and any computer connected to the internet can connect to a webmail.

Listening to more communications is exactly a resource problem: it isn't exactly cheap to build and maintain the infrastructure to gather and analyze more. Moreover in the context of the link, while I'm not a fan of conversations being listened on by default, I certainly don't want resources be spent so that encryption can be reduced
What else can you do to a ceo? Fines mean nothing.
Short interest being above 100% does not require naked shorting.

Edit:
A better example @ https://www.bloomberg.com/opinion/articles/2021-01-25/the-ga...
unless im missing how to use this site, it doesn't work.. click stanford and it only lets you click computer science or literature all other subjects are greyed out
If I learned anything from watching Billions is that the fix is usually in and it is between the guys with lots and lots of money.

What an amazing inside trade -- knowing or forcing the Robinhood App to restrict the large majority of WallStreetBets from buying, and then shorting the hell out of it.

And they will probably get away with it too, which I also learned from watching Billions.